{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-25-000095","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.108934+00:00","generated_at":"2026-05-17T19:49:25.094829+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MediaAlpha Q2 revenue up 41%, record P&C TV $435M; net loss $(22.5)M on FTC charge","bullets":["Revenue $251.6M (+41% YoY); Transaction Value $480.8M (+49% YoY); P&C TV $435M (+71% YoY).","Net loss $(22.5)M vs net income $4.4M prior year; includes $33M additional FTC reserve (total $45M).","Adjusted EBITDA $24.5M (+31% YoY); gross margin 15.0% vs 17.8% prior year.","Debt amendment extended $138.1M term loans and $45.6M revolver to July 2027; remaining $13.3M/$4.4M mature July 2026.","FTC inquiry fully resolved with settlement; total reserve $45M."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-25-000095","json":"https://secwatch.observer/filing/0001818383-25-000095.json","markdown":"https://secwatch.observer/filing/0001818383-25-000095.md","text":"https://secwatch.observer/filing/0001818383-25-000095.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000095/0001818383-25-000095-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000095/max-20250804.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T19:49:25.094829+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}